Today SGInnovate announced its ‘Deep Tech Nexus’ Strategy as a direct result of experiences and insights gained in its first year of operation. The Deep Tech Nexus represents SGInnovate’s commitment to add tangible value to the Singapore deep tech startup ecosystem in two key areas – Human Capital and Investment Capital. Three technology areas have been selected for focus during 2018: Artificial Intelligence, Blockchain and MedTech.
SGinnovate, which focuses on tech-intensive, research-driven product companies, will also intensify its efforts in artificial intelligence (AI), which it identified as a transformational technology that will impact most industries.
Deep tech encompasses such technology given that it is based on radical engineering or scientific breakthroughs.
SGinnovate's aims were announced yesterday as part of a new "Deep Tech Nexus" strategy to further strengthen Singapore's deep-tech start-up ecosystem in 2018.
One goal is to make direct investments in at least 20 early-stage, deep-tech start-ups founded here.
SGInnovate, a one-year-old entity that focuses on tech-intensive product companies and research-driven technologies, also said that it will intensify its efforts around artificial intelligence (AI), which it identified as a transformational technology that will impact most industries.
Those targets were announced as part of a new "Deep Tech Nexus" strategy to further strengthen Singapore's deep-tech startup ecosystem in the next year.
After leading a major push for innovation in new financial technology startups, Singapore is now eyeing healthcare technologies as the next big thing, with major investments planned in the area of artificial intelligence, according to Steve Leonard, founding CEO of Singapore state-backed SGInnovate and a former government official.
Singapore-based Taiger, which specialises in applied artificial intelligence (AI) solutions, has successfully closed its S$8 million ($5.87 million) Series A round, led by Tembusu ICT Fund I and state-backed investor SGInnovate.
Founding CEO Steve Leonard talks to Disruptive.Asia about SGInnovate’s mission, where it fits in Singapore’s Smart Nation vision, and the importance of making sure investments in advanced tech serve the Bigger Picture.